Havenwood will replace the Brookhaven Business Park at 25700 Interstate 45 North, between Woodlands Parkway and Sawdust Road in Spring. The development team cleared Brookhaven’s two single-story, 1970’s-era buildings from the site last week, the Houston Chronicle reports.

The new park will feature a four-story, 250,000-square-foot Class A office building, which J. Beard is leasing. Everson Developments LLC, also based in The Woodlands, is the developer. Houston-based Powers Brown Architecture designed Havenwood, and Sugar Land-based E.E. Reed Construction LP is the builder.

Other features of the park include a parking garage adjacent to the office building, covered walkways and an outdoor plaza with seating.

“Given its below-market rental rates, Havenwood will be a viable location for tenants seeking a presence in the growing submarket surrounding The Woodlands area,”Jeff Beard, president of J. Beard Real Estate, said in a statement.

Rents are expected to be in the mid-$20-per-square-foot range annually, the Chronicle reports.